NU (NYSE:NU) Shares Gap Down – Time to Sell?

Nu Holdings Ltd. (NYSE:NU) gapped down before the market opened on Tuesday . The stock had previously closed at $11.69, but opened at $11.36. NU shares last traded at $11.49, with a volume of 7,414,752 shares trading hands.

Analyst Upgrades and Downgrades

NU has been the topic of a number of recent research reports. UBS Group lowered their target price on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Barclays lowered their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and reduced their target price for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, NU has a consensus rating of “Hold” and a consensus target price of $15.47.

NU Trading Down 4.1 %

The stock has a market capitalization of $52.03 billion, a PE ratio of 27.29, a PEG ratio of 0.48 and a beta of 1.14. The stock’s 50 day moving average price is $12.07 and its 200-day moving average price is $12.80. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. On average, sell-side analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NU. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of NU during the third quarter valued at approximately $164,000. Daiwa Securities Group Inc. purchased a new position in shares of NU during the third quarter valued at about $5,626,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of NU in the third quarter worth about $1,083,000. Bank of Montreal Can boosted its stake in NU by 85.3% during the third quarter. Bank of Montreal Can now owns 1,287,963 shares of the company’s stock valued at $17,864,000 after buying an additional 592,941 shares during the last quarter. Finally, Qsemble Capital Management LP bought a new position in NU during the third quarter valued at approximately $881,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.